Uco Bank Final Simple Charts

7/27/2019 Uco Bank Final Simple Charts

1/41

ALL INDIA KISAN MELA PROJECT REPORT

09.10.2009-12.10.2009UNDER

UCO BANK

IN

AWARENESS IN PEOPLE REGARDINGGOVERNMENT SPONSORED SCHEMES

SUBMITTED TO: SUBMITTED BY:

Mr. A. S. SAHNI MANISHPANDEYCHIEF MANAGER RICHABISHTUCO Bank GEETAMEHRA

SASIKANTH.P

GOPAL KRISHANCHATURVEDI

COLLEGE OF AGRI BUSINESS MANAGEMENTG. B. PANT UNIVERSITY OF AGRICULTURE &

TECHNOLOGY


2/41


3/41


4/41

SASIKANTH.P GEETAMEHRA

GOPAL KRISHAN CHATURVEDI

2. INTRODUCTION:

When GDP figures were released, many were happily surprised. Inthe fourth quarter of the fiscal year (January-March 2009), the economygrew 5.8% against expectations of less than 5% which was very

respectable during a global downturn. One of the main reasons for thiswas that during the last quarter of 2008-2009 while manufacturing shrankto 1.4%, agriculture grew by 2.7%, supplemented by guaranteed wageemployment under NREGS and other cash transfers under variousgovernment schemes. Rural economy showed a buoyant mood notmatched by the urban areas.

The confidence of urban India is slowly returning now, with a newand stable government in place. Our rural areas are anyway insulated from

the global meltdown, being untouched by credit cards and mortgageswhich are hitting the west hard.

The negative impact on urban India has been more than offset byencouraging performance in rural areas. The rural economy has provideda cushion. Several factors have led to this relative robustness of the ruraleconomy in India. The increase in procurement prices MSP (MarketSupport Prices) for many farm products has contributed to a rise in ruraldemand. A series of good harvests on the back of several good monsoonsboosted rural employment in agricultural and allied activities. Government

schemes like, SRMS DRI PMRY SGSY reduced rural underemploymentand raised wages. Also, farmers benefited from loan waivers introduced inthe last Union Budget. The increase in rural purchasing power is reflectedin rural growth across a number of categories. For example, in the financialyear 2009 [April-March], FMCG [Fast Moving Consumer Goods] rural

4


5/41


6/41

3. Objectives:

To know awareness in people regarding Government sponsoredschemes.

To know awareness in people regarding UCO bank and its policies,

programmes and schemes. To know about people availing government sponsored schemes.

6


7/41


8/41

The idea of a truly Indian bank was first conceived of by Mr. G.D

Birla, the doyen of Indian Industrial renaissance, after the historic "QuitIndia" movement in 1942. Soon this nascent idea came into reality and, onthe 6th of January 1943, The United Commercial Bank Ltd. was born withits Registered and Head Office at Kolkata. The very first Board of Directors

was represented by eminent personalities of the country drawn from allwalks of life, and this all-India character of the Bank has been assiduouslymaintained till this day not only in the composition of its Board but also inthe geographical spread of its 1700 odd branches in the country as well asin its overseas centers in Singapore and Hong Kong.

Having traversed periods of expansion and consolidation, the Bankwas nationalized by the Government of India on the 19th July 1969

whereupon 100 per cent ownership was taken over by the government inUNITED COMMERCIAL BANK. This historic event brought about a sea-change in the entire fabric of the bank's thinking and activities,commensurate with the government's socio-political approach of massbanking as against class banking hitherto practiced. Branch expansionstarted at a fast pace, particularly in rural areas, and the bank achievedseveral unique distinctions in Priority Sector lending and other socialupliftment activities. To keep pace with the developing scenario andexpansion of business, the Bank undertook an exercise in organizationalrestructuring in the year 1972. This resulted into more functional

specialization, decentralization of administration and emphasis ondevelopment of personnel skill and attitude. Side by side, whole heartedcommitment into the government's poverty alleviation programmescontinued and the convenorship of State Level Bankers' Committee(SLBC) was entrusted on the Bank for Orissa and Himachal Pradesh in1983.

The year 1985 opened a new chapter for the Bank as the name ofthe Bank changed to UCO BANK by an Act of Parliament. The customer

friendly and socially committed character, however, remained even withthis change in name which has, over the years, been regarded as one ofthe well known and vibrant banks in the country. Today, with all its innerstrengths, UCO Bank has come a long way to symbolize friendliness forcustomers and efficiency in its banking business. Truly, UCO BankHONOURS YOUR TRUST.

8


9/41

4.2 Vision Statement

To emerge as the most trusted, admired and sought-after world classfinancial institution and to be the most preferred destination for every

customer and investor and a place of pride for its employees.

4.4 Mission Statement

To be a Top-class Bank to achieve sustained growth of business andprofitability, fulfilling socio-economic obligations, excellence in customerservice; through up gradation of skills of staff and their effectiveparticipation making use of state-of-the-art technology.

Global banking has changed rapidly and UCO Bank has worked hardto adapt to these changes. The bank looks forward to the future withexcitement and a commitment to bring greater benefits to you.

UCO Bank, with years of dedicated service to the Nation throughactive financial participation in all segments of the economy - Agriculture,Industry, Trade & Commerce, Service Sector, Infrastructure Sector etc., iskeeping pace with the changing environment. With a countrywide networkof more than 2000 service units which includes specialised andcomputerised branches in India and overseas, UCO Bank has marched

into the 21st Century matched with dynamism and growth!

4.5Strengths

Country-wide presence Overseas Presence with Profitable Overseas Operations Strong Capital Base High Proportion of Long Term Liabilities A Well Diversified Asset Portfolio A Large and Diversified Client Base

Fully Computerised Branches at Major Centres Branch representation in Top 100 Centres (as per deposits) in the

country

9


10/41

4.6Organisation Structure

Headquartered in Kolkata, the Bank has 35 Regional Offices spreadall over India. Branches located in a geographical area report to the

Regional Office having jurisdiction over that area. These Regional Officesare headed by Senior Executives ranging upto the rank of GeneralManager, depending on size of business and importance of location. TheRegional Offices report to General Managers functioning at Head Office inKolkata.

5. GOVERNMENT SPONSORED SCHEMES

There are several major centrally sponsored schemes under whichcredit is provided by banks and subsidy is received through GovernmentAgencies. Credit flow under these schemes is monitored by RBI. Undereach of these, there is a significant reservation / relaxation for themembers of the SC/ST communities.

1. SELF EMPLOYMENT SCHEME FOR REHABILITATION OF MANUAL

SCAVENGERS (SRMS)

Reserve Bank of India has issued instructions in April 2008 to banksregarding operationalisation of the new Self Employment Scheme forRehabilitation of Manual Scavengers (SRMS)..Objective of the Scheme

Objective of the scheme is to assist the remaining scavengers forrehabilitation, which are yet to be assisted, in a time bound manner byMarch 2009.

Eligibility:Scavengers and their dependents, irrespective of their income, who

are yet to be provided assistance for rehabilitation, under any scheme ofGovernment of India/State Governments will be eligible for assistance.

10


11/41


12/41

scheme. Micro financing will also be done through self help groups(SHGs).

3. The rate of interest chargeable from the beneficiaries will be as follows:-

(a) For projects up to Rs. 25,000/- 4% per annum (for women beneficiaries5% per annum

(b) For projects above Rs.25,000/ 6% per annum

.4 Where the rate of interest chargeable by the banks on loans will behigher than the rates prescribed in the scheme, interest subsidy to theextent of the difference will be given to the banks and this will be

administered by NSKFDC/ other agencies identified by the Ministry

.5 In every state annual targets of each bank will be fixed by State LevelBankers Committees (SLBCs) as per statewise scheme targets.

4. Repayment

The period of repayment loan will be three years for projects uptoRs. 25,000 and 5 years for projects above Rs. 25,000. The moratoriumperiod to start the repayment of loan will be six months. The StateChannelising Agencies (SCAs) would distribute the funds within a period ofthree months to the beneficiaries.

5. Subsidy

5.1 Credit linked capital subsidy will be provided upfront to thebeneficiaries in a scaled manner:

(a) For projects costing up to Rs.25,000 @ 50% of the project cost.

(b) For projects costing more than Rs. 25,000/-, @ 25% of the project cost,with a minimum of Rs. 12,500 and maximum of Rs. 20,000/-

12


13/41


14/41


15/41

The scheme covers all educated youth with the minimum

qualification of VIII Standard (passed). Preference will be given to thosewho have been trained for any trade in Govt. recognised/approvedinstitutions for a duration of at least six months.

4. ReservationPreference should be given to weaker sections including women.

Assistance to SC/ST beneficiaries should be targeted in such a mannerthat they are benefited in proportion to their population in the respectivedistrict/State. However, the number of SC/ST beneficiaries should not beless than 22.5% and 27% for Other Backward Class (OBCs) as is currentlyenvisaged in the PMRY. In case SC/ST/OBC candidates are not available,States/UTs Govt. will be competent to consider other categories of

candidates under PMRY.

5. Eligibility Norms

Age

(a) 18 to 35 years for all educated unemployed.

(b) 18 to 40 for all educated unemployed in North-East States, HimachalPradesh, Uttarakhand and J&K.

(c) 18 to 45 years for Scheduled Castes /Scheduled Tribes, Ex-servicemen, Physically Disabled and Women.

EducationEducated/unemployed youth with a minimum qualification of VIII

Standard (passed). Preference is to be given to persons who havereceived training in any trade in Government recognised/approvedinstitutions (ITI, etc.) for a minimum duration of six months. Applicants with

higher qualifications or who are still pursuing further course of studies aftertheir matriculation are also eligible for assistance.

(i) Annual family income

(a) Income up to Rs. 1, 00,000/- per annum of family and up to

15


16/41

Rs.1, 00,000/- per annum of parents of beneficiary on thedate of application should be taken into account. Family forthis purpose would mean the beneficiary and spouse. Familyincome would include income from all sources whether

wages, salary, pension, agriculture, business, rent, etc..

UCO MAHAJAN Rin Mukti Yozna

OBJECTIVE: The objective of the scheme elp indebted farmer to reducetheir outstanding dues to money lender.

ELIGIBILITY:1. All farmers including tenants cultivators and oral lessees.

2. They should not be defaulter to any bank.

3. SHGs can also lend to members for debt swapping.

QUANTUM:

Maximum Rs. 25,000/-per farmer family.

REPAYMENT:

Entire amount to be repaid with a period of 5-7 years

Swarnajayanti Gram Swarojgar Yojana (SGSY)

Under Swarna Jayanti Gram Swarojgar Yojana (SGSY) Scheme,which is a major poverty alleviation scheme in rural / semi urban areas,

16


17/41

not less than 50 percent of the families assisted should belong toSCs/STs.

Swarna Jayanti Shahari Rozgar Yojana

Under Swarna Jayanti Shahari Rozgar Yojana (SJSRY), which is apoverty alleviation scheme in urban areas, advances should be extendedto SCs/STs to the extent of their strength in the local population.

Differential Rate of Interest Scheme

Under the DRI scheme, banks provide finance up to Rs.15,000/- at aconcessional rate of interest of 4 percent per annum to the weakersections of the community for engaging in productive and gainful activities.

In order to ensure that persons belonging to SCs/STs also deriveadequate benefit under the Differential Rate of Interest (DRI) scheme,banks have been advised to grant to eligible borrowers belonging toSCs/STs such advances to the extent of not less than 2/5 th (40 percent) oftotal DRI advances.

Scheme for Liberation and Rehabilitation of Scavengers

The National Scheme for Liberation and Rehabilitation ofScavengers is for liberating the scavengers and their dependents from the

existing hereditary and obnoxious occupation of manually removing nightsoil and filth and to provide them with alternate dignified occupation. Thescheme covers primarily all scavengers belonging to the scheduled castecommunity. Scavengers belonging to other communities are also eligiblefor assistance. The Scheme has now been renamed as Scheme forRehabilitation of Manual Scavengers (SRMS).

DIFFERENTIAL RATE OF INTEREST

Credit Facilities to Minority Communities

The Government of India has indicated that care should be taken tosee that minority communities secure, in a fair and adequate measure thebenefits flowing from various Government sponsored special programmes.

17


18/41

All commercial banks, both in public and private sector have been advisedto ensure smooth flow of bank credit to minority communities.

Definition of Minority CommunitiesThe following communities have been notified as minority

communities by the Government of India, Ministry of Welfare:

(a) Sikhs(b) Muslims(c) Christians(d) Zoroastrians(e) Buddhists

Advances under DRI Scheme

Banks may route loans under the DRI scheme through State MinorityFinance/Development Corporation on the same terms and conditions asare applicable to loans routed through SC/ST Development Corporations,subject to the beneficiaries of the Corporations meeting the eligibilitycriteria and other terms and conditions prescribed under the scheme.Banks may ensure proper maintenance of the register to evolve timelysanction and disbursement of loan applications

Training

1. With a view to ensuring that the bank staff and officers have properperspective and appreciation of the various programmes for welfareof minorities, necessary orientation may be provided to officials andother staff. For this purpose, banks should include suitable lecturesessions as part of all relevant training programmes like induction

courses, programmes on rural lending, financing of priority sectors,poverty alleviation programmes, etc.

2. The Lead Banks functioning in the identified districts shouldorganize Entrepreneur Development Programmes so that themembers of the minority communities in these areas are enabled to

18


19/41

derive the benefit of various programmes being financed by thebanks.

3. The Lead Banks in the identified districts may sensitise and motivatethe staff posted to identified districts through proper training to assistthe minority communities under various credit schemes.

4. The Lead Banks may organize sensitization workshops for bankofficials regarding micro credit/ lending to SHGs with the help ofDDMs of NABARD.

Publicity

1. There should be good publicity about various anti-povertyprogrammes of the Government where there is large concentrationof minority communities and particularly in the districts which have aconcentration of minority communities.

2. The Lead Banks in the identified districts may create awarenessamong minority communities regarding credit facilities available frombanks through appropriate measures which may include publicitythrough (i) print media i.e. distribution of pamphlets in locallanguages, advertisements/articles in newspapers etc. (ii) TVchannels - DD/ local channels, (iii) participation / setting up of stallsin the Mela / fairs organized during the religious /festive occasions bythese communities.

19


20/41

Swarnajayanti Gram Swarozgar Yojana (SGSY)

The Ministry of Rural Development, Government of India haslaunched a new programme known as Swarnajayanti Gram SwarozgarYojana (SGSY) by restructuring the following existing schemes:

1. Integrated Rural Development Programme (IRDP)2. Training of Rural Youth for Self Employment (TRYSEM)3. Development of Women and Children in Rural Areas (DWCRA)4. Supply of Improved Toolkits to Rural Artisans (SITRA)5. Ganga Kalyan Yojana (GKY)6. Million Wells Scheme (MWS)

Detailed Guidelines have been circulated to all DRDAs/Banks by theMinistry of Rural Development.

The SGSY Scheme is operative from April 1, 1999 in rural areas ofthe country. SGSY is a holistic Scheme covering all aspects of selfemployment such as organization of the poor into Self Help Groups,training, credit, technology, infrastructure and marketing. The scheme willbe funded by the Centre and the States in the ratio of 75:25 and will be

20


21/41


22/41

skills would be made by line departments and that of managerial skills bythe banker, while scrutinizing the loan applications.

For those beneficiaries who need additional skill development/upgradation of skills, appropriate training would be organized throughGovernment institutions, ITIs, Polytechnics, Universities, NGOs etc.Swarozgaris will be eligible for loans under SGSY when they possessMinimum Skill Requirement, and it will be disbursed only when they havesatisfactorily completed the skill training.

Self-Help Groups (SHGs)

The Self Help Groups shall be organized by Swarozgaris drawn from

the BPL list approved by Gram Sabha. The Scheme provides for formationof Self Help Groups(SHGs), nurturing and their linkages with banks. SHGsmay be an informal group or registered under Societies Act, State Co-operative Act or as a partnership firm. The assistance (loan cum subsidy)may be extended to individuals in a group or to all members in the groupfor taking up income generation activities. Group activities will be givenpreference and progressively majority of the funding will be for Self HelpGroups. Half the groups formed at block level should be exclusively

women groups.

Insurance Cover

Insurance cover is available for assets/live stock bought out of theloan. Swarozgaris are covered under the Group Insurance Scheme. Foravailing the group insurance coverage by the SGSY.

* Insurance Cover at present is available for livestock assets given underIRDP (now SGSY). The General Insurance Corporation has agreed toprovide this cover on the terms and conditions as reflected in the specimen

Master Policy and Long Term Master Policy Agreement signed betweenthe GIC and the State Government.

(i) Livestock InsuranceThe coverage and premium rates are to be fixed in accordance with

the Master Policy Agreement.

22


23/41

(ii) Scope of CoverThe live stock policy provides indemnity in the event of death of

animal/bird due to accident inclusive of fire, lightening, riot and strike,flood, cyclone, earthquake, famine or due to any fortuitous cause ofdisease contracted or occurring during the period ofinsurance subject to certain exclusions.

(iii)Sum Insured The cost of the asset shall be treated as the sum insured for thesettlement of claims. For permanent total disablement (PTD) claims 75%of the sum insured shall be payable.

(iv) Claim ProcedureThe claim procedure is simplified to secure expeditious disposal of

claims. The Bank/DRDA shall forward a death certificate given jointly byany two of the following within 30 days from the date of occurrence:

1. Sarpanch/Upsarpanch of Village;2. President or any other officer of the cooperative credit society;3. Official of Milk Collection Centre or Government Veterinary

Surgeon/Veterinary Assistant4. Supervisor/Inspector of Cooperative Central Bank;5. Authorized nominee of DRDA;6. Secretary of Panchayat;7. Village Revenue Officer;8. Village Accountant9. Head Master of Primary School

Security normsFor individual loans upto Rs. 50,000/- and group loans upto Rs. 5

lakhs, the assets created out of bank loan would be hypothecated to thebank as primary security. In case where movable assets are not created,as in land-based activities such as dug well,minor irrigation etc., mortgage

23


24/41


25/41

50,000/- and group loans exceeding Rs. 5 lakhs, in addition toprimary security such as hypothecation/mortgage of land or thirdparty guarantee as the case may be, suitable margin money/ othercollateral security in the form of insurance policy; marketablesecurity/ deeds of other property etc. may be obtained at thediscretion of the bank. The upper ceiling of Rs. 5 lakh is irrespectiveof the size of the group or prorata per capita loan to the group. Whiledeciding the limit for collateral security, the total project cost (bankloan plus Government subsidy) should be taken into consideration bybanks.

SubsidySubsidy under SGSY will be uniform at 30 percent of the project

cost, subject to a maximum of Rs. 7,500/-. In respect of SC/STs it will be50 percent of the project cost subject to a maximum of Rs. 10,000/-. Thegroup is entitled to subsidy of 50 percent of the project cost subject to percapita subsidy of Rs. 10,000/- or Rs. 1.25 lakhs, whichever is less . There

will be no monetary limit on subsidy for irrigation projects. Subsidy underSGSY will be back ended. Banks should not charge interest on the subsidyamount. The availability of the benefit of subsidy to Swarozgaris would becontingent on the proper utilisation of loan as also its prompt repaymentand maintaining the asset in good condition. The procedure for operationof Subsidy Reserve Fund accounts as detailed in paragraph 4.17 and4.242 of the SGSY guidelines may please be followed.

Post Credit Follow-up

Loan Pass books in regional languages may be issued to theSwarozgaris which may contain all the details of the loans disbursed tothem. Bank branches may observe one day in a week as non publicbusiness working day to enable the staff to go to the field and attend to theproblems of Swarozgaris. Banks should ensure through proper monitoring

and verification that quality assets have been procured by theSwarozgaris. Necessary documents relating to acquisition of assets shouldbe obtained by the bank and also followed through visits by field staff. Incase of non-procurement of assets by the Swarojgar in spite of reasonabletime and Opportunity, the bank shall be free to cancel the loan and recoverthe money as mentioned in the Para 4.103 of SGSY Guidelines. Legal

25


26/41

proceedings (Civil/Criminal) wherever necessary may be initiated againstthe Swarozgari and against all members in Case of SHG for recovery ofloan.

Risk Fund for Consumption Credit

The scheme provides for the creation of Risk Fund with 1 percent ofSGSY funds at District level. Consumption loans not exceeding Rs. 2,000/-per Swarojgar would be provided by the banks. Assistance to the extent of10 percent of the total consumption loans disbursed by banks to the SGSYSwarozgaris during the year would be provided

RecoveryPrompt recovery of loans is necessary to ensure the success of the

programme. Banks shall take all possible measures, i.e., personal contact,organization of joint recovery camps with District Administration, legalaction, etc to ensure recovery. In case of default

Refinance of SGSY LoansBanks are eligible for refinance from NABARD for the loans

disbursed under SGSY as per their guidelines. The eligibility for refinanceis related to the recovery position of the banks.Role of Banks and State Agencies

Banks will be closely involved with Government agencies inimplementing, planning and preparation of projects, identification of keyactivities, clusters, self-help groups, identification of individual Swarozgarisetc.

26


27/41


28/41


29/41

All India Kisan Mela, 2009

Gandhi park

G.B.P.U.A&T, Pantnagar. (U.S.Nagar)

7. RESULTS AND DISCUSSIONS

7.1 AGE PROFILE OF FARMRS:

Exhibit 7.1a depicts Out of 40 farmers covered 4 farmers were in the

age group of 20-30 years, 6 were in age group of 30-40 years, 17 were in

age group of 40- 50 years and 13 were above the age of 50 years.

29


30/41

Exhibit 7.1a: Age profile of farmers

7.2 LITERACY LEVEL OF FARMERS:

Exhibit 7.2a depicts that out of 40 farmers covered 15 farmers were

studied till 9th class,10 farmers were high school pass,8 farmers were

intermediate pass,6 farmers were graduate and 4 farmers were post

graduate.

30


31/41

Exhibit 7.2a: Literacy level of farmers

7.3 SOCIAL CLASS:

Exhibit 7.3a depicts Out of 40 farmers covered 15 farmers were of

General Category, 8 were of ST & SC category and 17 were of OBC

category.

31


32/41

Exhibit7.3a: Social class of farmers

7.4 REGION:

Exhibit 7.4a depicts that Out of 40 farmers covered 11 farmers wereof UP, 19 of Uttarakhand and 10 of them belong to different states mainly

Bharatpur District of Rajasthan state.

Exhibit 7.4a: Region of farmers

32


33/41

7.5 AWARENESS REGARDING GOVERNMENT SPONSORED

SCHEMES:

Exhibit 7.5a depicts that when farmers were asked about awareness

of various Government Sponsored schemes 16 farmers were aware about

the PMRY, 2 were about SRMS, 9 were about DRI, 2 were about UCO

MAHAJAN, 10 were about SGSY and 3 farmers were not aware about any

scheme.

0

2

4

6

8

10

12

14

16

PMRY SRMS DRI UCO

MAHAJAN

SGSY No

awareness

Level of Awareness 16 2 9 2 10 3

NUMBERS

Level of Awareness

Exhibit 7.5a: level of awareness of farmers

33


34/41

7.6 SOURCES OF AWARENESS REGARDING

GOVERNMENT SPONSORED SCHEMES:

Exhibit 7.6a depicts that when farmers were asked about the source

by which they came to know about various Government Sponsored

schemes 11 farmers replied Newspaper, 8 farmers replied Bank, 12

farmers replied Advertisements, 3 farmers replied TV and 8 farmers replied

other sources which mainly include Gram Panchayats.

34


35/41

0

2

4

6

8

10

12

News

paper

Bank ADVERTIS

EMENT

TV OTHERS

Sources of Awareness 11 8 12 3 8

NUMBERS

Sources of Awareness

Exhibit 7.6a: Sources of awareness of farmers

7.7 REASONS OF LOW RATE OF AVAILING GOVERNMENT

SPONSORED SCHEMES:Exhibit 7.7a depicts that when farmers were asked about the

reasons of low rate of availing the Government Sponsored schemes, all

farmers replied that Corruption is the main reason. Other reasons include

35


36/41

lack of proper information (30 farmers), lack of proper follow up (24

farmers) and bank staff behavior (28 farmers).

0

5

10

15

20

25

30

35

40

Corruption Lack of

informatio

n

Lack of

proper

follow up

Bank staff

behaviour

Reasons of Low rate of Avaling 37 30 24 28

NUMBERS

Reasons of Low rate of Avaling

Exhibit 7.7a: Reasons of low rate of availing

KEY OBSERVATIONS

1). During the survey it was found that the awareness regarding theUCO bank in rural areas is very low and mostly people are not awareregarding the schemes and policies of bank. Due to which the schemesrun by the bank do not find optimum number of customers in many areas.

36


37/41

2).Due to too many banks in the market who are offering the same orbetter schemes and programmes with better coverage and more branches,the farmers are switching to these banks as they do not know much aboutUCO bank so they have less confidence on it.

3). In rural areas many people are unaware about the Governmentsponsored financial schemes because proper follow up by the governmentand banks is not done, and most of the farmers are deriving bankingfacilities from rural co-operative societies.

4) In spite of having knowledge regarding the Governmentsponsored financial schemes in some areas, mostly farmers are not

interested in availing it due to the prevailing Corruption at different levels.

RECOMMENDATIONS

On the basis of study it was found that out very few people were

able to avail of various government schemes and their application by banks.So we came to have following recommendations:

37


38/41

1. Corruption should be removed in the implementation of these

schemes.

2. Proper information should be provided by the bank and governmentto the target group of respective schemes.

3. Close monitoring should be done by the government to eliminate thecorruption and biasness.

4. Feed back system should be implemented by the bank about thebank staff behaviour.

5. More branches should be opened by the bank in rural areas.

6. Camp regarding these schemes should be organised at weeklybasis.

7. Middle men and comission agent should be removed.

8. Information regarding schemes should be displayed in hindilanguage on a board outside the bank and should be revised at dailybasis.

QUESTIONNAIRE

GENERAL INFORMATION:

38


39/41

NAME:

AGE:

CASTE CATEGORY: PH- WOMAN- SCs- STs- ANY

OTHER-

SEX:

ADDRESS:

LANDHOLDING:

OCCUPATION:

EDUCATION:

SPECIFIC INFORMATION:

Q.1 Do you have any account in bank ?Ans.

Q.2 Do you know about UCO Bank ?Ans.

Q.3 From where do you come to know about this bank?Ans .

Q.4 Do you know about various schemes run by Government for your benefit?a. PMRY b. SRMS c. DRId. UCO Mahajan e. SGSY

Q.5 From where you come to know about these schemes?

a. NEWSPAPER- b. NEIGHBOUR- c. BANKd.ADVERTISEMENT e. TV f. ANY OTHER

39


40/41

Q.6 Would you like to know about these schemes ?Ans.

Q.7 Have you avail of these schemes?

Ans.

Q.8 If yes. Tell about your experience?Ans.

Q.9 Do you feel these schemes are beneficial?Ans.

Q.10 Would you ever like to avail of these schemes or to take benefit from these schemes?Ans.

Q.11 Are you interested in taking loan provided by these schemes ?Ans.

Q.12 Do you feel these schemes are effective in alleviating poverty ?Ans.

Q.13 Do you know about benefits and provision of these scheme ?Ans.

Q.14 Do you get prompt sanction disbursement by these schemes ?Ans.

Q.15 Would you like to take loan at cheapest rates from these schemes ?a. SRMSb. DRI

Q.16 Do you want to get self employed but facing problem of finance?Ans.

Q.17What are the reasons that you do not know about these schemes?ans. -

SOME SUGGESTIONS:

MANISH PANDEY (39154)RICHA BISHT (32147)GEETA MEHRA (32134)SASIKANTH.P (39151)

40


41/41

Uco Bank Final Simple Charts

Documents

Transcript of Uco Bank Final Simple Charts